Political reputation models feature forward-looking, rational voters who re-elect incumbents based on their estimate of an incumbent's ability level. Fiscal policy is one of the ways an incumbent establishes a reputation and thereby signals this ability level to voters. The reputation-building...

Krautmann contends that Scully’s method for estimating the marginal revenue products of baseball players using team revenues is flawed. Krautmann suggests an alternate method that uses free-agent salaries to impute players' revenue contributions. The Scully method has its weaknesses;...

Past studies estimating the marginal revenue products of baseball players have assumed individual players' hitting performances to be independent of teammate spillovers. However, the baseball community's widely held belief in “protectionâ€â€”that a good (bad) player can improve...

Defense in baseball is a product of team production in which pitchers and fielders jointly prevent runs. This means that raw run-prevention statistics that economists often use to gauge the value of pitchers, such as earned run average, may not properly assign credit for their performances....

The "Law of 1/n" postulates a positive relationship between the number of democratically elected representative districts and government spending. Strong support for this relationship exists in legislatures in the United States (at both the state and national level) and across countries. Few...

Early and modern scholars both presume that bicameral chambers limit the exploitation of minorities by the ruling majority similar to supermajority voting rules. We explain theoretically why bicameralism is a unique and desirable institution for protecting minority interests. The empirical...